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Topaz Service anticipates the following sales revenue over a five-month period (click the icon to view the sales data) The company's sales are 20% cash
Topaz Service anticipates the following sales revenue over a five-month period (click the icon to view the sales data) The company's sales are 20% cash and 80% credit Its collection history indicates that credit sales are collected as follows (Click the icon to view the collections data.) How much cash will be collected in January? In Fobruary? In March? For the quarter in total? For the Months of January through March Data Table January Cash sales Collection of credit sales November December January February March 25% Month of sale 50% Month after 2096 Two months after Sales revenue S 16,000 $10,600 15,200 13,000 $ 14,600 More Info PrintDone Total cash collections 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected Enter any number in the edit fields and then click Check Check Answer remaining
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